German exports beat expectations in October

Data from Germany's Federal Statistical Office showed a slight increase in exports in October, beating expert forecasts. Growth was driven by trade with the EU, while exports to the US and China fell. The trade surplus reached 16.9 billion euros.

Data from the Federal Statistical Office on Tuesday showed that exports rose 0.1% in October compared to September. These data come after experts polled by Reuters had forecast a 0.5% decline. German exports rose slightly in October, beating expectations of a decline, thanks to trade with the European Union, though exports to the United States and China fell sharply. Imports fell 1.2% on a seasonally and calendar-adjusted basis. The foreign trade balance showed a surplus of 16.9 billion euros ($19.68 billion) in October, up from 15.3 billion euros in September and 14.6 billion euros in the previous month.

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